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Philippines - Figs - Market Analysis, Forecast, Size, Trends and Insights
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Philippines: Fig Market Overview 2021

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Fig Market Size in the Philippines

In 2020, the Philippine fig market increased by X% to $X, rising for the third consecutive year after five years of decline. Over the period under review, consumption posted a pronounced expansion. The most prominent rate of growth was recorded in 2018 when the market value increased by X% against the previous year. Fig consumption peaked at $X in 2012; however, from 2013 to 2020, consumption stood at a somewhat lower figure.

Fig Production in the Philippines

In value terms, fig production declined to $X in 2020 estimated in export prices. Overall, production continues to indicate mild growth. The most prominent rate of growth was recorded in 2009 when the production volume increased by X% year-to-year. As a result, production reached the peak level of $X. from 2010 to 2020, production growth failed to regain the momentum.

The average yield of figs in the Philippines was estimated at X kg per ha in 2020, therefore, remained relatively stable against the previous year. Over the period under review, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the total area harvested in terms of figs production in the Philippines stood at X ha, remaining constant against 2019. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.

Fig Exports

Exports from the Philippines

Fig exports from the Philippines expanded remarkably to X tonnes in 2020, growing by X% against the year before. In general, exports recorded a resilient increase. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, exports reached the peak figure at X tonnes in 2009; however, from 2010 to 2020, exports failed to regain the momentum.

In value terms, fig exports expanded remarkably to $X in 2020. Overall, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% y-o-y. Exports peaked at $X in 2009; however, from 2010 to 2020, exports remained at a lower figure.

Exports by Country

Kuwait (X tonnes) was the main destination for fig exports from the Philippines, with a approx. X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to Kuwait amounted to +X%.

In value terms, Kuwait ($X) also remains the key foreign market for fig exports from the Philippines.

From 2007 to 2020, the average annual rate of growth in terms of value to Kuwait amounted to +X%.

Export Prices by Country

The average fig export price stood at $X per tonne in 2020, with a decrease of -X% against the previous year. In general, the export price showed a pronounced contraction. The pace of growth appeared the most rapid in 2011 an increase of X% y-o-y. As a result, export price attained the peak level of $X per tonne. from 2012 to 2020, the growth in terms of the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Kuwait.

From 2007 to 2020, the rate of growth in terms of prices for Kuwait amounted to -X% per year.

Fig Imports

Imports into the Philippines

In 2020, fig imports into the Philippines expanded markedly to X tonnes, surging by X% on 2019. Overall, imports continue to indicate resilient growth. The growth pace was the most rapid in 2019 with an increase of X% year-to-year. Over the period under review, imports attained the maximum in 2020 and are expected to retain growth in the near future.

In value terms, fig imports rose significantly to $X in 2020. Over the period under review, imports showed strong growth. The growth pace was the most rapid in 2008 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure in 2020 and are expected to retain growth in years to come.

Imports by Country

The U.S. (X tonnes), Turkey (X tonnes) and Australia (X tonnes) were the main suppliers of fig imports to the Philippines, together accounting for X% of total imports. Thailand, the United Arab Emirates and Spain lagged somewhat behind, together accounting for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest fig suppliers to the Philippines were the U.S. ($X), Turkey ($X) and Australia ($X), with a combined X% share of total imports. These countries were followed by Thailand, the United Arab Emirates and Spain, which together accounted for a further X terms of the main suppliers, the United Arab Emirates recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average fig import price stood at $X per tonne in 2020, rising by X% against the previous year. Overall, import price indicated a perceptible increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, fig import price increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% y-o-y. Over the period under review, average import prices hit record highs at $X per tonne in 2014; however, from 2015 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Spain ($X per tonne), while the price for Turkey ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Thailand, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for figs in the world?
+
The countries with the highest volumes of fig consumption in 2020 were Turkey (232K tonnes), Egypt (223K tonnes) and Morocco (165K tonnes), together accounting for 46% of global consumption. These countries were followed by Iran, Algeria, Spain, the U.S., Syrian Arab Republic, India, Tunisia, France, Albania and China, which together accounted for a further 37%.
What are the largest producers of figs in the world?
+
The countries with the highest volumes of fig production in 2020 were Turkey (320K tonnes), Egypt (222K tonnes) and Morocco (166K tonnes), with a combined 52% share of global production.
What are the leading suppliers of figs to the Philippines?
+
In value terms, the largest fig suppliers to the Philippines were the U.S. ($26K), Turkey ($21K) and Australia ($8.3K), with a combined 79% share of total imports. Thailand, the United Arab Emirates and Spain lagged somewhat behind, together comprising a further 13%.
What are the leading importers of figs from the Philippines?
+
In value terms, Kuwait ($29K) remains the key foreign market for fig exports from the Philippines.
What is the average export price for figs in the Philippines?
+
In 2020, the average fig export price amounted to $1,550 per tonne, declining by -2.7% against the previous year.
What is the average import price for figs in the Philippines?
+
The average fig import price stood at $4,784 per tonne in 2020, surging by 2.1% against the previous year.

Product coverage:
• FCL 569 - Figs

This report provides an in-depth analysis of the fig market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Philippines

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the Philippines
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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